BidaskClub cut shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) from a hold rating to a sell rating in a research report report published on Saturday, August 5th.
Several other brokerages also recently weighed in on FSM. Zacks Investment Research downgraded shares of Fortuna Silver Mines from a buy rating to a hold rating in a research note on Tuesday, April 11th. Scotiabank reissued a sector perform rating and set a $9.00 price target on shares of Fortuna Silver Mines in a report on Wednesday, April 19th. National Bank Financial reissued an outperform rating on shares of Fortuna Silver Mines in a report on Monday, May 15th. Finally, ValuEngine cut shares of Fortuna Silver Mines from a buy rating to a hold rating in a report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $7.83.
Shares of Fortuna Silver Mines (FSM) traded down 0.90% during trading on Friday, reaching $4.42. The company had a trading volume of 1,387,634 shares. Fortuna Silver Mines has a 1-year low of $4.11 and a 1-year high of $9.19. The firm has a market capitalization of $703.77 million, a PE ratio of 17.27 and a beta of 0.27. The firm has a 50-day moving average of $4.68 and a 200 day moving average of $5.04. Fortuna Silver Mines also was the target of unusually large options trading activity on Thursday. Investors acquired 19,890 call options on the stock. This represents an increase of approximately 1,347% compared to the typical volume of 1,375 call options.
Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its earnings results on Monday, August 14th. The basic materials company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Fortuna Silver Mines had a net margin of 15.97% and a return on equity of 9.08%. The business had revenue of $63.90 million during the quarter, compared to the consensus estimate of $58 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was up 43.6% compared to the same quarter last year. Analysts expect that Fortuna Silver Mines will post $0.27 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of FSM. Great West Life Assurance Co. Can boosted its position in shares of Fortuna Silver Mines by 2.0% in the first quarter. Great West Life Assurance Co. Can now owns 28,722 shares of the basic materials company’s stock worth $148,000 after buying an additional 561 shares during the period. KCG Holdings Inc. boosted its position in shares of Fortuna Silver Mines by 2.5% in the first quarter. KCG Holdings Inc. now owns 34,009 shares of the basic materials company’s stock worth $177,000 after buying an additional 821 shares during the period. Creative Planning boosted its position in shares of Fortuna Silver Mines by 18.5% in the first quarter. Creative Planning now owns 21,781 shares of the basic materials company’s stock worth $113,000 after buying an additional 3,400 shares during the period. Eqis Capital Management Inc. boosted its position in shares of Fortuna Silver Mines by 8.3% in the second quarter. Eqis Capital Management Inc. now owns 51,904 shares of the basic materials company’s stock worth $254,000 after buying an additional 3,977 shares during the period. Finally, CIBC World Markets Inc. boosted its position in shares of Fortuna Silver Mines by 12.9% in the first quarter. CIBC World Markets Inc. now owns 40,316 shares of the basic materials company’s stock worth $210,000 after buying an additional 4,606 shares during the period. 51.27% of the stock is owned by institutional investors.
About Fortuna Silver Mines
Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.
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